Business Companies

Grupo Éxito Full Year 2024 Profits Fall 57% Year-on-Year

Medellin Herald February 27, 2025

Medellin-based multinational supermarket giant Grupo Éxito announced February 26 that its full-year 2024 net income dropped 57% year-on-year, to COP$54.7 billion (US$13 million), versus COP$126 billion (US$30 million) in 2023. Despite the profits drop, sales revenues rose 3.2% year-on-year, to

Business Companies

Grupo Nutresa Full-Year 2024 Net Income Up 3.5% Year-on-Year

Medellin Herald February 21, 2025

Medellin-based multinational foods giant Grupo Nutresa reported February 20 a 3.5% year-on-year hike for full-year 2024 net income, hitting COP$751 billion (US$184 million). Revenues dipped 1.7% year-on-year, to COP$18.6 trillion (US$4.55 billion), according to the company. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7.8% year-on-year, to

Business Companies

‘Colombiatex 2025’ Textile-Fashion Industry Show Here Marks Records

Medellin Herald January 31, 2025

Medellin-based textile/clothing industry group Inexmoda announced January 30 that the just-concluded, 37th annual “Colombiatex” trade show at Plaza Mayor here drew more than 29,000 visitors and 17,800 national and international buyers. Medellin and its immediate suburbs have been the center of Colombia’s textile manufacturing, clothing design and final production for

Business Companies

Celsia Full-Year 2024 Net Profits Dip 26% Year-on-Year

Medellin Herald January 30, 2025

Medellin-based electric power producer Celsia announced January 29 that its full-year 2024 net profits fell 26% year-on-year, to COP$325 billion (US$78 million). Revenues rose 15%, to COP$6.5 trillion (US$1.56 billion), according to the company, a división of Grupo Argos. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 14% year-on-year, to

Business Companies

Mineros SA 3Q 2024 Net Income Jumps 188% Year-on-Year

Medellin Herald November 17, 2024

Medellin-based multinational gold miner Mineros SA announced November 14 that its third quarter (3Q) 2024 net income jumped 188% year-on-year, to US$28.5 million, from US$13 million in 3Q 2023. Revenues rose 39%, to US$141 million, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 88%, to US$62.9 million, up from US$33 million in

Business Companies

Grupo Argos 3Q 2024 Profits Jump 34% Year-on-Year

Medellin Herald November 17, 2024

Medellin-based Grupo Argos – the holding company of cement/concrete multinational Cementos Argos, electric power giant Celsia and highways/airports concessionaire Odinsa – on November 14 reported a 34% year-on-year jump in third quarter (3Q) 2024 net income, at COP$494 billion (US$111 million). Revenues also rose 8% year-on-year, to COP$3.3 trillion (US$741 million) in 3Q

Business Companies

Isagen 3Q 2024 Profits Soar 84% Year-on-Year

Medellin Herald November 17, 2024

Medellin-based renewable electric-power-generation giant Isagen announced November 13 a third quarter (3Q) 2024 net income of COP$288 billion (US64.6 million) — an 84% jump over 3Q 2023. For the latest quarter, revenues rose 19% year-on-year, to COP$1.58 trillion (US$354 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 29%,

Business Companies

Sura 3Q 2024 Profits Grow 17.8% Year-on-Year

Medellin Herald November 16, 2024

Medellin-based multinational insurance and asset-management giant Grupo Sura announced November 14 that its third quarter (3Q) 2024 net income rose 17.8% year-on-year, to COP$534 billion (US$120 million), from COP$453 billion (US$102 million) in 3Q 2023. For nine-months 2024, Grupo Sura consolidated profits soared by 335%, to COP$5.7 trillion (US$1.28 billion) — but

Business Companies

Conconcreto 3Q 2024 Net Income More-Than-Doubles Year-on-Year

Medellin Herald November 16, 2024

Medellin-based construction giant Conconcreto announced November 13 that its third quarter (3Q) 2024 net income jumped by 293% year-on-year, to COP$238 billion (US$53.7 million). “Despite the current macroeconomic context — characterized by low growth in the Colombian economy, especially in the construction sector, and a slower-than-expected decline in inflation and

Business Companies

Tigo-UNE Posts 3Q 2024 Net Profit, but Outlook Still Dim

Medellin Herald November 16, 2024

Medellin-based internet/cell-phone/cable-TV giant Tigo-UNE – half-owned by Luxembourg-based Millicom – announced November 14 a COP$18.7 billion (US$4 million) net profit for third quarter (3Q) 2024, a sharp improvement from the COP$172 billion (US$38.7 million) net loss in 3Q 2023. Revenues also rose slightly, to COP$1.35 trillion (US$304.4 million), from COP$1.349